STARR PEAK REPORTS VMS INTERCEPTIONS OF 8.98% ZINC EQUIVALENT OVER 9.85 METERS AND 1.28% COPPER OVER 7.20 METERS

  • Upper zone (above 400m vertically)
    • STE-21-73: 5.90 meters 6.04% ZnEq
  • Deep zone (below 400m vertically)
    • STE-21-82-W1: 9.85 meters of 8.98% ZnEq, incl. 0.82% Cu;
    • STE-21-81: 7.20 meters of 5.14% Zn Eq, incl. 1.28% Cu

Johnathan More, Chairman and CEO of Pic Starr commented, “Drilling of the deep zone continues to provide significant zonation of copper mineralization. The ongoing drilling of the deep zone and associated targets adds to our understanding of this large VMS mineralized system which remains open for extensions in multiple directions. the drill tests planned on gold targets this winter, which has been our intention for a long time. “

Table 1 – Deep zone

Zoned

Hole n °

From
(m)

AT
(m)

Length
(m)

Zn
(%)

Cu
(%)

Ag
(g / t)

At
(g / t)

Zn_Eq
(%) *

Deep

STE-21-82-W1

822.05

831.90

9.85

4.76

0.82

41.99

0.24

8.98


Incl.

822.05

827.25

5.20

2.69

1.47

64.19

0.40

9.81


STE-21-81

666.40

673.60

7.20

0.56

1.28

14.88

0.18

5.14


Incl.

942.55

945.15

2.60

5.93

0.11

15.71

0.09

6.93


STE-21-68

743.15

749.30

6.15

3.62

0.36

14.94

0.11

5.39


Incl.

746.80

749.30

2.50

7.67

0.27

10.54

0.09

8.98


STE-21-68-W1

728.80

734.50

5.70

3.36

0.33

7.96

0.06

4.68


Incl.

733.15

734.50

1.35

10.53

1.23

27.94

0.17

15.35


STE-21-68-W2

709.95

713.45

3.50

3.21

1.98

28.48

0.36

10.65


Incl.

711.40

713.45

2.05

4.73

2.99

42.69

0.54

15.94


STE-21-70

526.20

528.40

2.20

0.59

0.01

4.58

0.01

0.79


STE-21-74

825.40

827.50

2.10

4.41

0.90

29.31

0.35

8.68


STE-21-77-W1

724.70

729.40

4.70

0.36

0.01

7.18

0.02

0.64

The intervals are given as lengths of drill core measured downhole. The actual width of the mineralization is currently unknown.
* Note: The Zn_Eq% formula is defined below

Table 2 – Upper zone

Zoned

Hole n °

From
(m)

AT
(m)

Length
(m)

Zn
(%)

Cu
(%)

Ag
(g / t)

At
(g / t)

Zn_Eq
(%) *

Upper

STE-21-73

426.90

432.80

5.90

4.93

0.09

20.92

0.10

6.04


Incl.

426.90

428.70

1.80

6.84

0.07

33.10

0.14

8.36


Incl.

431.30

432.80

1.50

8.60

0.08

9.95

0.13

9.41


STE-21-62

416.80

423.15

6.35

0.28

0.01

1.22

0.02

0.38


STE-21-63

395.00

398.00

3.00

0.23

0.00

0.71

0.01

0.28


STE-21-65

343.30

347.15

3.85

1.88

0.26

5.13

0.04

2.90


STE-21-65

353.55

358.60

5.05

2.04

0.05

7.23

0.03

2.45


STE-21-67

430.20

430.50

0.30

0.06

0.24

14.60

0.04

1.27

The intervals are given as lengths of drill core measured downhole. The actual width of the mineralization is currently unknown.
* Note: The Zn_Eq% formula is defined below

Drilling will resume on the project this week after the holidays, targeting the deep area below 600m vertical depth. A second drilling will continue targeting the prolific 4 km long Normetmar-Normétal lithological contact within the property, taking into account the many new massive sulphide intersections in 2021.

In addition, gold targets located in the northern half of the Newmétal property will be drill tested in early 2022, with cold weather facilitating access to certain areas.

Figure 1: Longitudinal section of the trend of the Normetmar satellite deposit at depth. Drill targets represented by a red star. Historic drilling interception zone provided in zinc equivalent calculated using the formula in the references. Abbreviation: Sp – Sphalerite, Cp – Chalcopyrite, Gn – Galena, MS – Massive sulfides, SMS – Semi-massive sulfides (less than 75%), Tr – Traces, EOH – End of hole.

Qualified person
Alexis Paulin Bissonnette, Ing. (OIQ 5037621), an independent qualified person as defined by Canadian standards NI 43-101, has reviewed and approved the geological information reported in this press release. The drilling campaign and the quality control program were planned and supervised by Alexis Paulin Bissonnette. Core logging and sampling were completed by Exploration Laurentia. The quality assurance and quality control protocol includes the insertion of a blank, a standard and a duplicate every 25 samples, in addition to the regular insertion of blank samples, in duplicate and standard accredited by ALS Canada Ltd. during the analytical process. In addition, the weight of the sample is taken before shipment to validate the identity of the sample. Gold values ​​are estimated by fire assay with atomic absorption finish. Zinc, copper and silver values ​​are estimated by four Inductively Coupled Plasma Acid Digestion Phased Array – Atomic Emission Spectroscopy (ICP-AES), ME-ICP61. Zinc values ​​greater than 1%, copper values ​​greater than 1% and silver values ​​greater than 100 g / t are estimated by four acid digestions ICP-AES, OG62. Zinc values ​​greater than 30% are estimated by potentiometric titration, ZN-VOL50. The Qualified Person has not performed sufficient work to verify historical information on the property, particularly with respect to historical drilling results. However, the qualified person believes that the drilling and assay results were performed in accordance with standard industry practices. The information provides an indication of the exploration potential of the property, but may not be representative of expected results.

References and Disclosures

Normétal and Normetmar historic mine:
Synthesis report, Normetmar Project, january 1988 by L. Boivin

* Zinc equivalent formula of Metal Factor: Zn_eq (%) * Core length
Zn_eq (%) = Zn (%) + [Cu(%) * Cu price (lb) / Zn price (lb)] + [Ag(%) * Ag price (oz) * 14,632 / Zn price (lb) ] + [Au(%) * Au price (oz) * 14.632 / Zn price (lb)]
Zn_eq% based on US $: $ 1.2 / lb Zn, $ 3.5/ lb Cu, 25 $/ oz Ag, $ 1,800/ oz Au.

The historical information on the Longitudinal has not been validated other than with the information contained in the historical reports and the cross-sections. The exact location of historical drill points of drill holes along the longitudinal may be different.

The Company wishes to caution that the historical resources described above are historical. Historical resources are relevant to give a rough estimate of the potential of the property. We must not rely on historical resources. The main assumptions, parameters and methods used to prepare the historical estimate are not known and, therefore, the difference between historical estimates and estimates in accordance with NI 43-101 is also not known. Historical estimates have used categories other than those established in sections 1.2 and 1.3 of National Instrument 43-101 Disclosure Standards for Mining Projects. A qualified person has not reviewed the historical estimates and has not performed sufficient work to classify the historical estimates as current mineral resources and Pic Starr does not treat historical estimates as current mineral resources under National Instrument 43-101 and the CIM Standards for Mineral Resources and Reserves. Further exploration work must be done to properly assess these historic resources. In addition, the calculation methodology is unknown to the skilled person.

The grab samples are selective in nature and the reported values ​​may not be representative of the mineralized zone.

The mineralization received on adjacent and / or neighboring properties is not necessarily indicative of the mineralization received on the Company’s property.

On behalf of the Board of Directors of Starr Peak Mining Ltd.,

“Johnathan More”

Johnathan More
Chairman and Managing Director

About Starr Peak Mining Ltd.

Starr Peak Mining Ltd. is a Canadian mining exploration company focused on the acquisition and exploration of precious and base metal deposits. The Company’s primary objective is to acquire, explore and develop high potential and quality gold and base metal deposits and projects in the Americas. The Company is committed to creating long-term shareholder value through mineral discoveries.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the contents of this release.

No securities regulatory authority has approved or disapproved of the contents of this press release. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”), or any state securities law, and will not can be offered or sold in United States, or to, or on behalf of or for the benefit of a “US Person” (as defined in Regulation S of the US Securities Act), except in the case of exemption. This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.

Caution regarding forward-looking information:

This press release contains forward-looking information based on current expectations, including the use of funds raised under the Offer. These statements should not be interpreted as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those implied by such statements. Although these statements are based on reasonable assumptions of management, Pic Starr assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances, except as required by law.

Although the Company believes that the expectations and assumptions upon which forward-looking statements are based are reasonable, forward-looking statements should not be relied upon because the Company cannot guarantee that they will prove to be correct. Because forward-looking statements deal with future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently expected due to several factors and risks, including various risk factors discussed in the Company’s disclosure documents which can be viewed under the Company’s profile at www.sedar.com .

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made in accordance with the provisions of the Private Securities Litigation Reform Act of 1995. The TSX Venture Exchange has neither reviewed nor approved the contents of this press release.

SOURCE Starr Peak Mining Ltd.

For more information: Johnathan More, Chairman and CEO, Tel. : 646-661-0409, https://www.starrpeakminingltd.com

Carol N. Valencia